Abbott Laboratories (ABT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.31 | 7.15 | 7.25 | 6.81 | 7.67 | |
| Number of days of payables | days | 49.95 | 51.08 | 50.34 | 53.61 | 47.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.31
= 49.95
Abbott Laboratories' number of days of payables has been relatively stable over the past five years, ranging from 86.80 days in 2021 to 96.00 days in 2020. In 2023, it decreased slightly to 87.21 days, indicating that the company takes around 87 days on average to pay its suppliers for goods and services purchased on credit. This metric reflects the efficiency of Abbott Laboratories' payables management, as a lower number of days signifies a faster turnover of payables and potentially better cash flow management. Overall, the consistency in the number of days of payables suggests that Abbott Laboratories has been effectively managing its payment obligations to suppliers over the years.
Peer comparison
Dec 31, 2023